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The Obama administration approves ConocoPhillips-led (COP +0.3%) Freeport LNG as the second U.S....

The Obama administration approves ConocoPhillips-led (COP +0.3%) Freeport LNG as the second U.S. liquefaction project to gain federal approval to export chilled natural gas to countries without free trade agreements with the U.S. The decision is an important harbinger for the remaining 19 applications to export gas to non-FTA countries.
Comments (18)
  • Michael Bryant
    , contributor
    Comments (5348) | Send Message
     
    Is this good or bad news for (LNG)?
    17 May 2013, 01:12 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2480) | Send Message
     
    LNG operates on long term contracts, so I think its indifferent.
    17 May 2013, 01:24 PM Reply Like
  • 59482
    , contributor
    Comments (2) | Send Message
     
    It's Good news,LNG can't ship all the gas that's drilled in this country.
    Looks like more permits are on the way, which is good for the Nat Gas Industry.
    17 May 2013, 01:46 PM Reply Like
  • haddowdave
    , contributor
    Comments (4) | Send Message
     
    It has no direct effect as LNG already has Fedral approvals to export, but it does help support the gas export storey that it is real and starting to happen.
    17 May 2013, 03:36 PM Reply Like
  • dunnhaupt
    , contributor
    Comments (387) | Send Message
     
    COP is still undervalued and pays a good dividend.
    17 May 2013, 01:20 PM Reply Like
  • derosy
    , contributor
    Comments (5) | Send Message
     
    Good news, maybe. LNG is waiting for its Corpus Christi approval....
    17 May 2013, 01:46 PM Reply Like
  • derosy
    , contributor
    Comments (5) | Send Message
     
    Good news..... maybe. LNG is waiting for its Corpus Christi project to be approved...Hopefully they are not too far down the list...
    17 May 2013, 01:46 PM Reply Like
  • TwistTie
    , contributor
    Comments (2477) | Send Message
     
    SA author Stehpan Dube told us this was coming.

     

    Cool.
    17 May 2013, 01:54 PM Reply Like
  • Sir. Monaco
    , contributor
    Comments (367) | Send Message
     
    cool long-long term,

     

    but for immediate concerns it is kindda a joke,

     

    this gasification plant doesn't even come online until 2017
    17 May 2013, 02:28 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2480) | Send Message
     
    These are def long term stories, but you've got to walk before you can run.
    17 May 2013, 03:31 PM Reply Like
  • Jonathan N
    , contributor
    Comments (37) | Send Message
     
    Completely agree. I think this is great news, and a good first step. However, I think Sir Monaco was just referring to what affect this will have on current natural gas prices. I don't see why they should be affected by this decision, at all. The rally in current prices is kind of ridiculous if this was the driving factor.
    17 May 2013, 04:23 PM Reply Like
  • hopache1@me.com
    , contributor
    Comments (4) | Send Message
     
    LNG has all six of its trains under contract at Sabine pass.
    17 May 2013, 03:36 PM Reply Like
  • 276C
    , contributor
    Comments (164) | Send Message
     
    hopache1 Any verifications that statement is true???
    21 May 2013, 11:35 AM Reply Like
  • Cliff Hilton
    , contributor
    Comments (1410) | Send Message
     
    Chenier in Sabine Pass, I wasn't aware the 5th and 6th trains had contracts. They made quick work of that.
    17 May 2013, 10:43 PM Reply Like
  • mikeginn
    , contributor
    Comments (85) | Send Message
     
    How can this be consistent with a policy of long-term energy independence for US?
    19 May 2013, 07:45 PM Reply Like
  • Bellringer
    , contributor
    Comment (1) | Send Message
     
    My concern on gas exports is whats to stop companies from simply fracking in other countries?
    19 May 2013, 07:46 PM Reply Like
  • wigit5
    , contributor
    Comments (3923) | Send Message
     
    bellringer,
    it isn't that simple there are a lot of articles on here that talk about this briefly (although remember this is an investor website not a scientific/engineering one).

     

    The short version is not every place in the world has the same geological makeup and thus it is either impossible or impractical in many places of the world. We'll have to wait and see if this tech can be replicated elsewhere.
    20 May 2013, 08:51 AM Reply Like
  • jpmj4847
    , contributor
    Comments (495) | Send Message
     
    Long term, short term, how about USA first!!! The time frame for the long run is a win/win for the gas boom as well as stockholder. In the now short time, what a shot in the arm for our economics....Abundant amounts of low cost LNG to run our plants and vehicles, etc. Yes, I agree very good news for all, indeed. jpmj4847
    19 May 2013, 10:22 PM Reply Like
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